HB 1003 -- Electric Generating Activities

Co-Sponsors:  Burton, Hegeman, Mays (50)

This bill establishes an income tax credit for building
coal-fired electric generating plants fitted with pollution
control devices or retrofitting old coal plants with pollution
control devices.  The tax credit will be administered by the
Department of Economic Development, will not exceed $10 million,
and will be equal to 50% of the purchase price of the equipment
or technology.  The credit may be carried back 3 years or
forward 5 years and may be sold.

The bill also changes the method by which distributable property
of electric power and light companies is distributed.  All
electric generating equipment placed into service on or after
January 1, 2003, owned by electric corporations will be assessed
by the State Tax Commission and the value distributed as
follows:  50% to the county where the generating equipment is
sited; and 50% to counties contiguous to that county according
to population.

The bill also limits the rulemaking authority of the Department
of Natural Resources as it pertains to solid waste, hazardous
waste, general safety requirements, and water pollution related
to coal-fired electric generating plants built on or after
August 28, 2001.  Rules will be no more strict than any required
for federal law.

The Department of Economic Development will establish a task
force to study and compare the impacts of burning coal to
generate electricity with the impacts of burning natural gas for
the same purpose.  The task force is charged with developing
educational materials on environmental issues related to
electricity generation, including the benefits and detriments of
using natural gas, coal, nuclear energy, and alternative fuels
to generate electricity.  The Department of Elementary and
Secondary Education will disseminate the materials to students.

The bill also establishes the Clean Coal Technologies
Information Repository within the Division of Energy to serve as
a clearinghouse for technical information concerning clean coal
technologies.

Missouri House of Representatives
Last Updated November 26, 2001 at 11:46 am